Chapter 110 — HIGHER EDUCATION

(110 ILCS 979/1) Sec. 1. Short title. This Act may be cited as the Illinois Prepaid Tuition Act. (Source: P.A. 90-546, eff. 12-1-97.)

(110 ILCS 979/10) Sec. 10. Definitions. In this Act: "Illinois public university" means the University of Illinois, Illinois State University, Chicago State University, Governors State University, Southern Illinois University, Northern Illinois University, Eastern Illinois Univer…

(110 ILCS 979/15) Sec. 15. Creation of Illinois prepaid tuition program. There is created the Illinois prepaid tuition program to be administered by the Illinois Student Assistance Commission. This program is to be administered so that the full cost of tuition and mandatory fees …

(110 ILCS 979/20) Sec. 20. Investment Advisory Panel. The Illinois prepaid tuition program shall be administered by the Illinois Student Assistance Commission, with advice and counsel from an investment advisory panel appointed by the Commission. The Illinois prepaid tuition prog…

(110 ILCS 979/25) Sec. 25. Additional powers of the Commission. The Commission has the following specific powers relating to administration of the Illinois prepaid tuition program: (1) To direct funds to be invested, if not required for immediate disbursement. (2) To require a re…

(110 ILCS 979/30) Sec. 30. Investment Advisory Panel duties and responsibilities. (a) Advice and review. The panel shall offer advice and counseling regarding the investments of the Illinois prepaid tuition program with the objective of obtaining the best possible return on inves…

(110 ILCS 979/35) Sec. 35. Illinois Prepaid Tuition Trust Fund. (a) The Illinois Prepaid Tuition Trust Fund is created as the repository of all moneys received by the Commission in conjunction with the Illinois prepaid tuition program. The Illinois Prepaid Tuition Trust Fund also…

(110 ILCS 979/45) Sec. 45. Illinois prepaid tuition contracts. (a) The Commission may enter into an Illinois prepaid tuition contract with a purchaser under which the Commission contracts on behalf of the State to pay full tuition and mandatory fees at an Illinois public universi…

(110 ILCS 979/5) Sec. 5. Purpose. The General Assembly finds and declares that the general welfare and security of the State are enhanced by access to higher education for all residents of the State who desire that education and who demonstrate the qualifications necessary to pur…

(110 ILCS 979/50) Sec. 50. Confidentiality and disclosure. Information that (i) identifies the purchasers or qualified beneficiaries of any Illinois prepaid tuition contract or any terms or provisions of any such contract as those terms and provisions relate to a particular purch…

(110 ILCS 979/55) Sec. 55. Tax exemption. The assets of the Illinois Prepaid Tuition Trust Fund and its income and operation shall be exempt from all taxation by the State of Illinois and any of its subdivisions. The accrued earnings of Illinois prepaid tuition contracts once dis…

(110 ILCS 979/60) Sec. 60. Securities Registration Exemption. Illinois prepaid tuition contracts shall be exempt from registration under the Illinois Securities Law of 1953. However no contract may be sold or otherwise transferred by the purchaser or qualified beneficiary without…

(110 ILCS 979/62) Sec. 62. Investment of ward's money in contract. A contract shall be considered an investment for the purpose of investing a ward's money under Section 21-2 of the Probate Act of 1975. (Source: P.A. 91-867, eff. 6-22-00.)

(110 ILCS 979/65) Sec. 65. Construction. Nothing in this Act or in an Illinois prepaid tuition contract shall be construed as a promise or guarantee by the Program or the State that a person will be admitted to any eligible institution or to a particular eligible institution, wil…

(110 ILCS 979/70) Sec. 70. (Repealed). (Source: P.A. 90-546, eff. 12-1-97. Repealed by P.A. 93-812, eff. 1-1-05.)

(110 ILCS 979/90) Sec. 90. (Amendatory provisions; text omitted). (Source: P.A. 90-546, eff. 12-1-97; text omitted.)

(110 ILCS 979/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 90-546, eff. 12-1-97.)

(110 ILCS 980/0.01) (from Ch. 144, par. 2700) Sec. 0.01. Short title. This Act may be cited as the Private Medical Scholarship Agreement Act. (Source: P.A. 86-1324.)

(110 ILCS 980/1) (from Ch. 144, par. 2701) Sec. 1. It is the public policy of the State of Illinois to encourage private action to develop the professional medical services offered to people of Illinois residing in rural areas by establishing private organizations, foundations, g…

(110 ILCS 980/2) (from Ch. 144, par. 2702) Sec. 2. It shall be lawful for any such organization referred to in Section 1 hereof to condition any loan, grant of assistance or recommendation to any educational institution upon such recipient's executing an agreement to commit not m…

(110 ILCS 980/3) (from Ch. 144, par. 2703) Sec. 3. Any such agreement executed by such an organization and any recipient of loan, grant assistance or recommendation may contain a provision for liquidated damages to be paid for any breach of any provision of the agreement, or any …

(110 ILCS 983/1) Sec. 1. Short title. This Act may be cited as the Know Before You Owe Private Education Loan Act. (Source: P.A. 102-583, eff. 8-26-21.)

(110 ILCS 983/10) Sec. 10. Institutional certification required. (a) In general. Except as provided in subsection (b) of this Section, before a private educational lender may disburse any funds with respect to a private education loan described in this Act, the private educationa…

(110 ILCS 983/15) Sec. 15. Provision of information. (a) Provision of loan statement to borrowers and cosigners. (1) Loan statement. A private educational lender that disburses any funds with respect to a private education loan described in this Section shall send loan statements…

(110 ILCS 983/20) Sec. 20. (Repealed). (Source: P.A. 102-583, eff. 8-26-21. Repealed by P.A. 103-940, eff. 8-9-24.)

(110 ILCS 983/25) Sec. 25. Cosigner disclosure; notice. Before extending a private education loan that requires a cosigner, a private educational lender shall disclose to the cosigner: (1) how the private education loan obligation will appear on the cosigner's credit report; (2) …

(110 ILCS 983/30) Sec. 30. Refinancing. Before offering a person a private education loan that is being used to refinance an existing education loan, a private educational lender shall provide the person with a disclosure explaining that the benefits and protections applicable to…

(110 ILCS 983/5) Sec. 5. Definitions. As used in this Act: "Annual percentage rate" means the percentage rate calculated according to the Federal Reserve Board's methodology as set forth under Regulation Z, 12 CFR Part 1026. "Cosigner" means any individual who is liable for the o…

(110 ILCS 983/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 102-583, eff. 8-26-21.)

(110 ILCS 985/0.01) (from Ch. 144, par. 40a.9) Sec. 0.01. Short title. This Act may be cited as the Residence of Minors for Tuition Act. (Source: P.A. 86-1324.)

(110 ILCS 985/1) (from Ch. 144, par. 40b) Sec. 1. When a minor is emancipated and completely self-supporting and actually resides in this State, such minor, while attending any State supported school in this State, shall be considered a resident for the purpose of paying tuition …

(110 ILCS 985/2) (from Ch. 144, par. 40c) Sec. 2. The minor children of persons who, having resided in this State for at least 12 months immediately prior to such a transfer, are transferred by their employers to some location outside the United States shall be considered as Illi…

(110 ILCS 986/1) Sec. 1. Short title. This Act may be cited as the Retention of Illinois Students and Equity Act. (Source: P.A. 101-21, eff. 1-1-20.)

(110 ILCS 986/10) Sec. 10. Definition. In this Act, "Illinois resident" includes any person who is deemed an Illinois resident for tuition purposes under State law. (Source: P.A. 101-21, eff. 1-1-20.)

(110 ILCS 986/15) Sec. 15. Equitable eligibility for financial aid and benefits. (a) A student who is an Illinois resident and who is not otherwise eligible for federal financial aid, including, but not limited to, a transgender student who is disqualified for failure to register…

(110 ILCS 986/5) Sec. 5. Findings. The General Assembly makes all of the following findings: (1) The State of Illinois is committed to ensuring that all students who are residents of this State have meaningful and equitable access to higher educational opportunities notwithstandi…

(110 ILCS 986/97) Sec. 97. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 101-21, eff. 1-1-20.)

(110 ILCS 990/0.01) (from Ch. 144, par. 1800) Sec. 0.01. Short title. This Act may be cited as the Senior Citizen Courses Act. (Source: P.A. 86-1324.)

(110 ILCS 990/1) (from Ch. 144, par. 1801) Sec. 1. Definitions. For the purposes of this Act: (a) "Public institutions of higher education" means the University of Illinois, Southern Illinois University, Chicago State University, Eastern Illinois University, Governors State Unive…

(110 ILCS 990/2) (from Ch. 144, par. 1802) Sec. 2. Each public institution of higher education shall permit senior citizens accepted for admission to enroll without the payment of tuition in regularly scheduled credit courses, other than credit courses designed specifically for s…

(110 ILCS 990/3) (from Ch. 144, par. 1803) Sec. 3. Nothing in this Act shall preclude public institutions from requiring fees, other than tuition, subject to approval by the institution's governing board, for individuals attending credit courses pursuant to waivers granted under …

(110 ILCS 991/1) Sec. 1. Short title. This Act may be cited as the Student Investment Account Act. (Source: P.A. 101-586, eff. 8-26-19.)

(110 ILCS 991/10) Sec. 10. Definitions. As used in this Act: "Borrower" means an Illinois resident who has received an education loan or an Illinois resident parent who has received or agreed to pay an education loan, subject to approval by the State Treasurer. "Education loan" m…

(110 ILCS 991/15) Sec. 15. Establishment of Student Investment Account. The State Treasurer may allocate up to 5% of the Treasurer's State Investment Portfolio to the Student Investment Account. The 5% cap shall be calculated based on: (1) the balance of the Treasurer's State Inv…

(110 ILCS 991/20) Sec. 20. Earnings from Student Investment Account. Earnings on the investments in the Student Investment Account may be reinvested into the Student Investment Account without being counted against the 5% cap under Section 15. Net earnings on investments under th…

(110 ILCS 991/25) Sec. 25. Operation of the Student Investment Account. The State Treasurer may: originate, guarantee, acquire, and service education loans or refinance loans; facilitate such arrangements between borrowers and eligible lenders; and perform such other acts as may …

(110 ILCS 991/30) Sec. 30. Administration of the Student Investment Account. The State Treasurer may enter into such contracts and guarantee agreements as are necessary to operate the Student Investment Account with eligible lenders, financial institutions, institutions of higher…

(110 ILCS 991/35) Sec. 35. Fees. The State Treasurer may establish fees to cover the costs of administration, recordkeeping, marketing, and investment management related to the Student Investment Account. The State Treasurer may pay eligible lenders, financial institutions, insti…

(110 ILCS 991/40) Sec. 40. Insurance. The State Treasurer or his or her designee may charge and collect premiums for insurance on education loans or refinance loans and other related charges and pay such insurance premiums or a portion thereof and other charges as are prudent. (S…

(110 ILCS 991/45) Sec. 45. Wage deductions. The State Treasurer may deduct from the salary, wages, commissions, and bonuses of any employee in this State and, to the extent permitted by the laws of the United States and individual states in which an employee might reside, any emp…